A "payday loans" sign is displayed at a Check 'n Go in Niles, Ill., in 2021. Nam Y. Huh/AP hide caption
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The Consumer Financial Protection Bureau is requiring buy-now, pay-later lenders to provide the same protections to shoppers as credit card companies do. Nora Carol/Getty Images hide caption
The U.S. Supreme Court rejected a challenge to the way the CFPB is funded. Al Drago/Getty Images hide caption
Supreme Court upholds funding structure for consumer watchdog agency
Rohit Chopra, director of the Consumer Financial Protection Bureau, is working toward regulation to remove medical bills from consumer credit reports. Michael A. McCoy/Getty Images hide caption
The fate of the CFPB, and other agencies that are similarly funded, is in the hands of the U.S. Supreme Court. Drew Angerer/Getty Images hide caption
Consumer watchdog agency's fate at Supreme Court could nix other agencies too
Credit card logos are seen on a downtown storefront as a pedestrian passes in Atlanta in 2012. David Goldman/AP hide caption
A sign stands at the construction site for the Consumer Financial Protection Bureau's new headquarters in Washington, Monday, Aug. 27, 2018. Andrew Harnik/AP hide caption
The Senate narrowly approved Rohit Chopra, President Biden's pick to run the Consumer Financial Protection Bureau, on Thursday. Susan Walsh/AP hide caption
Under President Trump, the Consumer Financial Protection Bureau weakened a rule that aimed to protect people who get payday loans. Consumer advocates say they are looking forward to a Biden administration strengthening the agency. Rogelio V. Solis/AP hide caption
California Assembly member Monique Limón (foreground) introduced a bill to create a financial watchdog agency for the state. Rich Pedroncelli/AP hide caption
New California Financial Watchdog Would Take Aim At Predatory Lenders Amid Pandemic
A manager of a financial services store in Ballwin, Mo., counts cash being paid to a client as part of a loan in 2018. Consumer groups blasted a new payday lending rule and its timing during a pandemic that has put tens of millions of people out of work. Sid Hastings/AP hide caption
Democratic senators are demanding that the Consumer Financial Protection Bureau, led by Kathleen Kraninger, do its job supervising the student loan system. Alex Wroblewski/Reuters hide caption
A nonprofit student loan group alleges that the Consumer Financial Protection Bureau has abandoned its duty to police widespread mismanagement of a loan forgiveness program for public service workers. Andrew Harrer/Bloomberg via Getty Images hide caption
Consumer Protection Agency Is Failing Student Loan Borrowers, Lawsuit Says
Nearly two-dozen U.S. senators are calling on Kathleen Kraninger, director of the Consumer Financial Protection Bureau, to investigate a loan servicer called the Pennsylvania Higher Education Assistance Agency. Alex Wong/Getty Images hide caption
23 Senators Demand Investigation Into Mismanagement Of Student Loan Program
Kathleen Kraninger, director of the Consumer Financial Protection Bureau, testifies before the House Financial Services Committee on March 7. On Thursday, she faced questions from senators about problems with a student loan program for public service workers. J. Scott Applewhite/AP hide caption
Senators Press CFPB To Dig Into Problems With Public Service Student Loan Program
Left to right: former Vice President Joe Biden, Massuchusetts Sen. Elizabeth Warren and South Bend, Ind., Mayor Pete Buttigieg react on stage during the Democratic presidential debate at Otterbein University. Win McNamee/Getty Images hide caption
Kathleen Kraninger is director of the Consumer Financial Protection Bureau, an agency that was thwarted by the U.S. Department of Education from examining problems with a troubled student loan forgiveness program. Andrew Harrer/Bloomberg via Getty Images hide caption
Exclusive: Turf War Blocked CFPB From Helping Fix Student Loan Forgiveness Program
Kathy Kraninger, director of the Consumer Financial Protection Bureau, says in a letter that the Department of Education is getting in the way of efforts to police the student loan industry. J. Scott Applewhite/AP hide caption
CFPB Chief Says Education Department Is Blocking Student Loan Oversight
Kathy Kraninger listens during a Senate Banking Committee confirmation hearing in Washington, D.C., in July. On Thursday, she won Senate confirmation to run the Consumer Financial Protection Bureau. Andrew Harrer/Bloomberg via Getty Images hide caption
A 2017 report by the Department of Education's Office of Federal Student Aid found that Navient, one of its student loan servicers, often did not tell borrowers about all of their repayment options. Hanna Barczyk for NPR hide caption
Among other things, senators asked Mick Mulvaney whether the CFPB suppressed a report, as has been alleged, that found evidence of banks charging dubious account fees to college students. Jacquelyn Martin/AP hide caption
The White House is proposing changes to the Military Lending Act that critics say would leave service members vulnerable when they buy cars. David McNew/Getty Images hide caption